Pekin Hardy Strauss Inc. Increases Stake in abrdn Asia-Pacific Income Fund, Inc. $FAX

Pekin Hardy Strauss Inc. boosted its holdings in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 31.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,667 shares of the investment management company’s stock after buying an additional 13,911 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in abrdn Asia-Pacific Income Fund were worth $918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FAX. Family Firm Inc. increased its position in shares of abrdn Asia-Pacific Income Fund by 5.0% during the first quarter. Family Firm Inc. now owns 132,771 shares of the investment management company’s stock worth $2,085,000 after acquiring an additional 6,323 shares during the period. Apollon Wealth Management LLC grew its stake in abrdn Asia-Pacific Income Fund by 24.0% during the 1st quarter. Apollon Wealth Management LLC now owns 14,295 shares of the investment management company’s stock worth $224,000 after purchasing an additional 2,768 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in abrdn Asia-Pacific Income Fund by 2.5% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 46,264 shares of the investment management company’s stock worth $726,000 after purchasing an additional 1,116 shares in the last quarter. Easterly Investment Partners LLC increased its holdings in abrdn Asia-Pacific Income Fund by 18.2% during the 1st quarter. Easterly Investment Partners LLC now owns 31,239 shares of the investment management company’s stock worth $490,000 after purchasing an additional 4,800 shares during the period. Finally, Private Advisor Group LLC raised its position in abrdn Asia-Pacific Income Fund by 2.7% in the 1st quarter. Private Advisor Group LLC now owns 32,782 shares of the investment management company’s stock valued at $515,000 after purchasing an additional 864 shares in the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Price Performance

Shares of abrdn Asia-Pacific Income Fund stock opened at $15.18 on Friday. The business has a 50-day simple moving average of $15.98 and a 200-day simple moving average of $15.91. abrdn Asia-Pacific Income Fund, Inc. has a one year low of $13.99 and a one year high of $16.98.

abrdn Asia-Pacific Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 24th were issued a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date was Friday, October 24th.

abrdn Asia-Pacific Income Fund Company Profile

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.